Putnam Fl Investment Management Co buys $8,087,274 stake in Interpublic Group of Companies Inc (IPG)

Interpublic Group of Companies Inc (IPG) : Putnam Fl Investment Management Co scooped up 16,301 additional shares in Interpublic Group of Companies Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 357,844 shares of Interpublic Group of Companies Inc which is valued at $8,087,274.Interpublic Group of Companies Inc makes up approximately 0.93% of Putnam Fl Investment Management Co’s portfolio.

Other Hedge Funds, Including , Tradelink Capital added IPG to its portfolio by purchasing 10,022 company shares during the most recent quarter which is valued at $226,497. Interpublic Group of Companies Inc makes up approx 1.05% of Tradelink Capital’s portfolio. Quantitative Systematic Strategies sold out all of its stake in IPG during the most recent quarter. The investment firm sold 93,167 shares of IPG which is valued $2,148,431.American Century Companies Inc boosted its stake in IPG in the latest quarter, The investment management firm added 39,587 additional shares and now holds a total of 127,205 shares of Interpublic Group of Companies Inc which is valued at $2,937,163.First Manhattan Co boosted its stake in IPG in the latest quarter, The investment management firm added 4,000 additional shares and now holds a total of 4,092 shares of Interpublic Group of Companies Inc which is valued at $97,594.

Interpublic Group of Companies Inc opened for trading at $22.58 and hit $22.86 on the upside on Thursday, eventually ending the session at $22.78, with a gain of 0.80% or 0.18 points. The heightened volatility saw the trading volume jump to 38,26,612 shares. Company has a market cap of $9,128 M.

On the company’s financial health, Interpublic Group of Companies Inc reported $0.33 EPS for the quarter, based on the information available during the earnings call on Jul 21, 2016. Analyst had a consensus estimate of $0.33. The company had revenue of $1917.90 million for the quarter, compared to analysts expectations of $1934.16 million. The company’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS.

The Interpublic Group of Companies Inc. (IPG) is a global advertising and marketing services company. The Company operates through two segments: Integrated Agency Networks (IAN) and Constituency Management Group (CMG). IAN includes McCann Worldgroup Foote Cone & Belding Lowe and Partners IPG Mediabrands its digital specialist agencies and its domestic integrated agencies. IAN’s domestic integrated agencies including Hill Holliday Carmichael Lynch Dailey Tierney and Mullen provide a range of advertising marketing communications services and/or marketing services. CMG which includes Weber Shandwick Cassidy DeVries Golin FutureBrand Jack Morton and Octagon Worldwide provides diversified services including public relations meeting and event production sports and entertainment marketing corporate and brand identity and strategic marketing consulting.

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